May 7
AE Coin and USDU to develop a regulated AED–USD digital conversion framework for institutional settlement in the UAE
First structured AED–USD digital conversion powered by Mbank, supporting compliant digital asset settlement in the UAE
➤ AE Coin (AED-pegged) and USDU (USD-backed) are collaborating to create a regulated AED-USD digital conversion framework in the UAE, powered by Mbank. ➤ This framework aims to facilitate compliant digital asset settlement, treasury operations, and liquidity management within the UAE's regulatory environment. ➤ The initiative is a first step towards building a dollar-based trade finance stablecoin infrastructure originating from the UAE's regulated digital-asset ecosystem.